Car Insurance, Essential Information About Excess Payments
 by: Michael Challiner

An excess payment is the fixed contribution you must pay each time your car is repaired through your car insurance policy. Normally the payment is made directly to the accident repair garage when you collect the car. If your car is declared to be a write off, your insurance company will deduct the excess agreed on the policy from the settlement payment it makes to you.

If the accident was the other drivers fault, and this is accepted by the third party’s insurer, you’ll be able to reclaim your excess payment from the other person’s insurance company. But what if the other driver is uninsured?

All motorists know that it’s a legal requirement (under Section 143 of the 1988 Road Traffic Act) to have insurance for any damage they cause to third parties. But still many drive without insurance. An estimate of the incidence of uninsured driving in the UK is hard to come by and, for the obvious reasons, those drivers involved in breaking the law have every reason to keep quiet about it.

Calculations from the Department of Transport suggest that in the UK around 5% of vehicles are being driven without valid insurance. This group of people not only impose costs on honest motorists in the form of higher premiums, but their presence on our roads also represents a serious risk to other road users. Consequently, uninsured driving is increasingly being regarded as a major social problem.

But driving without insurance is not a victimless crime. If you have an accident with an uninsured driver and the accident wasn’t your fault, the repair costs will be paid for by the Motor Insurers’ Bureau that’s funded in its entirety by the industry, or by your insurer. Therefore, if you’re involved in an accident caused by an uninsured driver you’ll eventually get you car repaired but you’ll still have to pay the excess and there’ll be no one to reclaim your excess from.

What is a Compulsory Excess?

A compulsory excess is the minimum excess payment your insurer will accept on your insurance policy. Minimum excesses do vary according to your personal details and driving record and by insurance company. Today the average excess is around £100, but younger drivers could be faced with excesses of up to £500 – whilst more mature, experienced drivers with a good driving record, could be offered an excess of just £50.

So what is a Voluntary Excess?

In order to reduce your insurance premium, you may offer to pay a higher excess than the compulsory excess demanded by your insurance company. Your voluntary excess is the extra amount over and above the compulsory excess that you agree to pay in the event of a claim on the policy. As a bigger excess reduces the financial risk carried by your insurer, your insurer I able to offer you a significantly lower premium.

The garage has repaired my car but it won’t release the car too me until I pay the policy excess to them. Is this right?

Yes, that is normal practice. But make sure you inspect the car when you collect it. Satisfy yourself that the repair is perfect. Then make sure you keep their receipt for your excess payment as you will need this if you’re reclaiming against a third party’s insurance. And just in case there’s a dispute, it’s a good idea to make sure the repair garage gives you a repair schedule. This will list all the repairs that were made to you car.

About The Author

Michael Challiner writes for Brokers Online, a large Uk finance portal who specilise in Life Insurance and Mortgages ( http://www.life-assurance-bureau.co.uk/mortgages/ ) but also offer most other UK financial services including Car Insurance ( http://www.life-assurance-bureau.co.uk/car-insurance/ ).

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Availing low cost car insurance without compromising the service and quality of the indemnity scheme is not an easy task. But here we provide the clients with vivid information and step to avail the low cost insurance. There are various car indemnity companies that offer low cost insurance policies with proper and perfect service. There are operating companies that seem to almost be perfect, but fining one is the hard task to do.

Car insurance companies should always be present at the times their clients need them to deliver service whenever they require. Reputable car indemnity companies who are popular for providing low car indemnity never sacrifice the degree and quality of service. They always give reply to all the queries of clients who are policy shopping to have low cost car indemnity. Our services offer the clients the facility to compare auto quote and from among them avail the best and the most low cost car cover.

Reputable car insurance companies ensure their clients with indemnity packages at low cost, coupled with all the supports and services clients desire from the particular company where they are availing insurance services. Quotes collected from multiple insurance companies allow policy shoppers to make a clear comparison of the car covers schemes provided by different car indemnity companies. Different auto insurance have various coverage schemes, clients after making comparative judgment can choose and pick the lowest costing and best car insurance in accordance with their requirements.

Clients can search for informative sites before availing car indemnity to avoid the post hassles that automatically comes with any indemnity. Clients always want to avail trouble free auto insurance schemes that are also at low cost. Customers who avail the best low car indemnity always make a comparative judgment of various sites and find compromised parts of quality and affordability.

Low car insurance often compromise on the coverage or there are some hidden costs which the customers often overlooked. Reputable company never sacrifices the coverage benefits that they initially promise to offer to the clients. Further there should be no hidden costs, every thing is transparent and reputable organization never trimmed the coverage schemes that they initially promised to offer.

Thus to avail the best, low car indemnity clients should always make a proper judgment of auto quotes offered by indemnity companies, coverage schemes and other benefits that are initially the company offer to provide. Clients should keep an eagle’s eye on all the coverage and the price of the coverage that they are availing.

Clients who want to avail the best low cost car insurance must always judge the car insurance quotes and compare insurance quotes offered by various companies. AutoQuoteNow.com here ensures to offer an authentic service and information.

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Here Is A Quick Way To Get Affordable Quotes For Car Insurance

Are you thinking about switching from your current car insurance company because you feel like you can get a better deal elsewhere? Thankfully there are ways for you to get an affordable quote for car insurance if you know where to look.

There is no reason for you to be stuck sending out checks every month for something you know that you cannot really afford. Technologies has been advancing lately and because of that you the best place now is to get affordable quotes for your car insurance is online.

The reason why is because the top companies are able to reach more customers that desperately want to get a good rate on their auto insurance. And by having your business its a win win situation for you and your new insurance company.That is something you have to think about if you want a really cheap quote for your car insurance. Auto insurance companies also give discounts based on a number of different factors.

If you are married you will most likely have a better discount rate than if you are single. The reason why is because married people are seen to be more stable than single people. They tend to see single people as not being very stable and more prone to accidents and injuries. Also married people that have children are a little more mature about their driving when on the road.

Another factor that determines your insurance rate is whether or not your car falls into the “expensive to insure” category. Cars that fall into this category are very expensive to replace for auto insurance companies. It is better to get a vehicle that is a gas saver and also has a pretty good safety rating from JD power and Associates.

Obviously you can see how you can start saving money on your car insurance if you take action today. The longer you continue paying high amounts every month for your car insurance, the more money you are throwing away.

By: craig realtonn

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Are you looking to purchase car insurance for new drivers? There are many different options that are available for people who are interested in buying car insurance. One of the best ways to get cheap auto insurance is to look around at the different providers that are available. By doing your homework you will ensure that you get the best rates for your car insurance.

New drivers who are looking to get insurance should look into different insurance companies that offer insurance. By getting comprehensive quotes from a variety of insurance companies, you can ensure that you get the best insurance price possible. Doing a search online will allow you to get quotes at the click of a mouse.

If you are attending school you should also see if some companies offer good grade discounts for auto insurance. There are many different insurance companies that will give lower insurance rates to young drivers that are doing well in school. This is because students who are getting good grades are more likely to be responsible when they are driving. Good grade discounts are available from select insurance companies.

Another good way to save money on your insurance is to get lower coverage. This is a double edged sword because on one hand you are paying less money every month, but on the other hand you have more risk if you ever get in an accident. Having the proper insurance coverage is important in ensuring that you don’t have to worry about risks when you are driving.

If you are looking to get Car Insurance for new drivers there are different ways to save money on your insurance premium. The best way to get a good price on your Auto Insurance is to look up different companies and compare online quotes.

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Whether you have more money than you could ever need or you are trying to live on a budget, you should always try to get the cheapest car insurance possible. I found that there really is never a reason to spend more money than you have to. After all, think of all of the nice things you can purchase or the money you can put into a savings account by looking for a more affordable car insurance plan.

The last thing you want to do is to automatically stick with the same car insurance company that you have had for the last ten years simply because it is what you are used to. There might just be a company out there that can save you several hundred dollars a year, or more.

In order to make sure that you are getting the best rate on your vehicle insurance, it is important to make sure that you are shopping around. This used to be a long and painful process because you had to call each and every company to get a quote. Now, there is an online option that can provide you with several different quotes all at once and this information comes to you within minutes usually.

Look over all of your options and then give the best company a call. Before you know it, you will have cheaper payments for the same coverage you have always had. The only difference now is that it is not costing you as much.

Myloer is a hobby writer who usually updates his blogs every day and writes about all kinds of topics. His latest project is about car insurance estimates and you can also read his articles about car insurance estimate by following the links.

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How should I get car insurance?

Let me explain my situation.
I am an adult who has not had a drivers license before and I am wanting to take the test next week to get it. In order to take the test, I must prove that I have car insurance.
I have called a couple place to get car insurance and they have told me that I need a driver license in order to get for them to insure me. I have tried to look up quotes online as well, but they also expect me to have a license in order to get a quite?

I have no family that will put me on their insurance.

Secondary question, how much does liability insurance go for?

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Invalid Car Insurance with Undeclared Points?

I recently had my car broken into whilst I was away and came back to my car in recovery, the the police, and having to get my insurance company to get me a courtesy car. I'm the named driver on my mum's policy and am fully comp. so everything was going ok in terms of the claim.

So I had a 45min phone interview with the insurance company today detailing the sequence of events that led up to the car being recovered. THEN she asked me to declare the points on my license and I happily detailed them. She then informed me that one of my convictions wasn't on the policy and asked why. I told her I have no idea as its not me that deals with the insurance usually, so she has asked for my mum to now call her and explain why!

Im really scared now that the insurance company wont pay out and deem the insurance invalid – and the bill of the recovery/storage/courtesy car/repair will All be down to me!

Does anyone have any suggestions how I can get out of this mess? What could I (my mum) say to the insurance company to justify why the points weren't declared? (the truth is, my mum didn't know)

Please help!

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Have a great day!

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